Feb 18, 2016
(JUPITER ISLAND, FL) Something we don’t know about Jupiter Island? Last week, Celine Dion put her house on the ultra-pricey, ultra-private island on the market for $45 million. The listing price was $30 million less than it was several years ago. Now comes word that Greg Norman has put his estate up for sale for $55 million. That’s a price drop of $10 million from the last time he listed it. Don’t shed any tear for Norman, though. He bought the estate for $4.9 million in 1991. If he sells anywhere near the asking price that’s a tidy profit. And to think Fox just paid up on his cancelled contract with the network. The Shark is going to have a lot of cash available for whatever he’s up to next. If you just happened to win Powerball and have an interest in his oceanside property, nicknamed “Tranquility,” here’s what the listing has to say: "Experience the serenity and privacy of a relaxed, yet active and healthful lifestyle for which this extraordinary, eight-acre Jupiter Island estate was named. Stretching from the Intracoastal Waterway to the Atlantic Ocean, Tranquility presents the opportunity to wake each day to an enchanting waterside environment filled with the finest sporting and entertainment venues that include a tennis pavilion, resort style pool area with Polynesian style grill house, a putting green, complete gym, game room, home theater, beachside activities, and boating."
Feb 17, 2016
Buying In at Bluejack
(MONTGOMERY, TX) Even as Tiger Woods’ world ranking continues to trend downward (currently 444th), he can take solace that buyers at Bluejack National, the high-end Texas community that is home to his first U.S. design, are on the rise. According to the Houston Chronicle, more than 70 homes or home sites have been sold or are spoken for at the residential community. Director of Sales, Gary Short, told the Chronicle that “the majority of buyers have been young families, empty-nesters and retirees. Buyers are opting for suites (designed like luxury hotel suites and starting in the mid $400s), freestanding cottages (staring in the $700s), and Sunday Homes (up to five bedrooms and starting at over $1 million. As of now, only the first nine holes of Tiger’s course are complete, with the back nine scheduled for completion in April. Golf won’t be the only activity for residents. Zip lines, fishing, and bowling are also planned for the community.
Feb 15, 2016
A Look into the Future
(NEW YORK) The smart home is already here. Now it appears the smart home walkthrough is as well. Though not quite perfected, virtual reality technology, is allowing homebuyers to tour homes they are interested in without ever actually stepping inside the home. In some cases, these virtual reality tours are being offered for homes that aren’t even built yet. With a pair of 3D goggles strapped to your face, you can “walk” through every room of a potential home to feel how it lives. You can even look out the windows to see what the view from each room will be. The New York Times reports that “Later this year, haptic technology, or the science of touch, will let users see their own hands in the virtual world, allowing them to open closet doors and feel hot water from the faucet.” Not far behind is technology that will also introduce smells to the virtual experience. Sounds like, in the future, realtors won’t have to bake chocolate chip cookies for open houses. Or put up with curious neighbors who just want a look-see.
Feb 11, 2016
Hill Country Sales Soar
(BOERNE, TX) While the rest of us have enjoyed downward trending oil prices, Texas has taken an economic hit. That hasn’t seemed to have an effect in the Texas Hill Country where the real estate market is thriving. The 8,700-acre luxury golf community, Cordillera Ranch, reports home and lot sales soared in 2015 and that they expect 2016 sales to remain on an upward trend. Highlights from their banner year include $98 million in real estate transactions, 62 lots sold totaling more than $17 million, 43 homes sold totaling more than $40 million, and the average sale price rose by $60,000, from $881,000 to $941,000. 2016 brings the unveiling of their newest development within the community, The Springs of Cordillera Ranch, featuring lots from $100,000 to $300,000, and lot and home packages ranging from the $600,000’s to over $2 million. Since its inception in 1997, more than 700 homes have been completed (with more than 1,200 lot sales) at Cordillera Ranch.At final build-out, this low-density community will total approximately 2,500 homes and preserve approximately 80 percent of the land in its natural vegetation.
Feb 10, 2016
Home Sales Rise at Lake
(GREENSBORO, GA) Life on the lake is good. With the year-end numbers all tallied, Harbor Club has announced a 34% increase in real estate sales from last year. Centered between Atlanta and Augusta, on nine miles of Lake Oconee shoreline, the golf course community (Tom Weiskopf and Jay Morrish design) reports that it sold $14.6 million in home, homesite, cottage and townhome properties last year compared with $10.9 million in 2014, an increase of $3.7 million. The impressive sales numbers for 2015 were comprised of 79 transactions, including 34 home sales, a 70% year-over-year increase from 2014. In the year ahead Harbor Club will be grand-opening a number of new designer model homes in the community, which are being developed by the company’s new in-house homebuilding affiliate, Patriot Builders. One of the homes was designed by acclaimed architect Mitch Ginn, whose residential designs have graced the pages of Southern Living Magazine. Ginn designed the 2006 Southern Living “Idea House” in Charleston, South Carolina.